Joshua Tate, cofounder and CEO of ForumPay, built merchant-facing cryptocurrency payment infrastructure to address the adoption gap between consumer crypto ownership and merchant acceptance. The company operates its own cryptocurrency exchange and guarantees merchants settlement in their preferred fiat currency regardless of which cryptocurrency buyers use, eliminating volatility exposure for merchants. Legacy banking systems rely on centralized institutions and geography-dependent settlement windows that have become misaligned with modern cross-border trade, while global crypto ownership has reached over 741 million people but merchant adoption has lagged due to concerns over volatility, unfamiliar technology, and lack of accessible infrastructure to connect existing point-of-sale systems to crypto payment rails.
ForumPay Operates Own Exchange and Eliminates Merchant Volatility Exposure
ForumPay runs its own cryptocurrency exchange and pulls real-time price feeds from major exchanges, enabling it to guarantee merchants the best possible rate at the time of every transaction. Merchants receive settlement in their preferred fiat currency no matter which cryptocurrency the buyer pays with. The company takes volatility exposure in the exchange layer rather than passing it to merchants. The business model charges merchants a single all-inclusive fee per transaction with no setup costs, no monthly fees, and no hidden charges. Merchants face no chargebacks, no fraud liability, and no PCI-DSS compliance requirements.
Platform Integrates with E-Commerce Systems and In-Store Hardware
The ForumPay platform links to merchants wherever they are selling. The system interacts natively with popular e-commerce platforms and supports in-store hardware through a dedicated device that contains its payment system. Tate is a technologist, real estate entrepreneur, and lawyer who worked for years in different countries before cofounding ForumPay. He discovered blockchain and examined its properties as a ledger system, identifying its applicability to payments.
ForumPay Expands into In-App Payments Following US Court Ruling on Apple iOS
ForumPay recently expanded its capabilities into in-app payments following a US court ruling that forces Apple to allow iOS developers to offer alternative payment options outside of its own ecosystem. ForumPay merchants may now execute crypto transactions directly in an app without diverting the user at checkout. The company has added subscription billing, allowing merchants to accept recurring crypto payments for memberships and other ongoing services. Tate stated his goal for the years ahead is expanding core rails and building capabilities around tap-to-pay in crypto and other features that link digital asset payments with current consumer patterns.
FAQ
What payment infrastructure does ForumPay provide for merchants?
ForumPay operates its own cryptocurrency exchange and provides merchant-facing infrastructure that guarantees settlement in fiat currency regardless of which cryptocurrency buyers use. The platform integrates with e-commerce systems and in-store hardware, charging merchants a single all-inclusive transaction fee with no setup costs, monthly fees, chargebacks, fraud liability, or PCI-DSS compliance requirements.
How did ForumPay expand its payment capabilities recently?
ForumPay recently expanded into in-app payments following a US court ruling that forces Apple to allow iOS developers to offer alternative payment options outside its ecosystem. The company also added subscription billing capabilities, enabling merchants to accept recurring crypto payments for memberships and ongoing services.
